The total stablecoin market capitalization has reached $250 billion, driven by institutional adoption and regulatory clarity. Tether's USDT and Circle's USDC are engaged in an intensifying battle for market share.
Market Breakdown
- USDT: $145 billion (58% market share)
- USDC: $72 billion (29% market share)
- DAI: $12 billion (5%)
- Others: $21 billion (8%)
USDC has been gaining ground due to its full regulatory compliance and transparency, while USDT maintains dominance in Asian and emerging markets. PayPal's PYUSD has quietly reached $5 billion.
